SH. N.K. BILLAIYA, ACCOUNTANT MEMBER AND SH. KUL BHARAT, JUDICIAL MEMBER For the Appellant : Sh. Shailesh Gupta, Advocate For the Respondent : Ms. Neha Chaudhary, CIT (DR) ORDER PER N.K. BILLAIYA, AM: This appeal by the assessee is preferred against the order of the CIT(Central-II), New Delhi dated 31.03.2018 pertaining to A.Y. 2013-14. 2. The sum and substance of the grievance of the assessee is that the PCIT erred in assuming the jurisdiction u/s. 263 of t... ... ...

GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION The 16th July, 2026 eCF No.703778/507. - In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Assam Goods and Services Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments i... ... ...

• Finserv Intelligence is Bajaj Finserv's group-wide strategic initiative in applied research and innovation, focussed on high-tech, scalable solutions in India, for India and the world. MUMBAI, India, Sept. 8, 2026 /PRNewswire/ -- Bajaj Finance Ltd., part of Bajaj Finserv Ltd. and India's largest private sector non-banking financial company, has acquired a 5% stake in TrueFan AI (Hogwarts E-learning Universe Private Limited), an AI-powered video generation platform. The investment is ... ... ...

DGFT proposes suspension of 544 Standard Input Output Norms identified as unutilized under the Advance Authorisation and Duty-Free Import Authorisation schemes during the preceding three financial years. Stakeholders may submit comments, supporting material, reasons for retention, and details of actual or proposed utilization within 15 days. After considering timely submissions, the identified norms may be suspended, while delayed comments may not be considered.

SHRI RAVISH SOOD, JM AND SHRI ARUN KHODPIA, AM For the Assessee : Shri Sunil Kumar Agrawal, CA For the Revenue : Shri V.K. Singh, CIT-DR ORDER Per Arun Khodpia, AM: This appeal is filed by the assessee against the order of Ld. Commissioner of Income Tax (Appeals)- 1, Raipur (in short "CIT(A)"), dated 25.01.2019 for AY 2015-16. Which in turn arose from the order u/s 143(3) r.w.s. 153A of the Income Tax Act, 1961 (in short "The Act"), dated 29.12.2016 passed by Deputy Commissioner o... ... ...

GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION The 16th July, 2026 eCF No.703778/503.- In exercise of the powers conferred by sub-section (5) of section 15 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, on the recommendations of the Council is pleased to make the following further amendment in the Finance (Taxation) Department notification eCF No. 400555/54 published in Assam Gazette Extra... ... ...

Time of supply for road construction and maintenance services in National Highways Authority of India national projects executed under the Hybrid Annuity Mode is clarified for purposes of the Delhi Goods and Services Tax Act, 2017. The corresponding central tax clarification applies mutatis mutandis in Delhi, with the measure being clarificatory in character.

Appeals before the Appellate Tribunal are governed by separate filing limits according to the date of communication of the challenged order. Where an order was communicated before 1 April 2026, an appeal may be filed up to 30 June 2026. Where an order is communicated on or after 1 April 2026, the appeal may be filed within three months from the date of communication to the person preferring the appeal.

The National Company Law Appellate Tribunal set aside the Tribunal's decision after considering historical corporate records and contemporaneous material, rejecting allegations of financial impropriety concerning the private placement and share transfers. It upheld the relevant corporate decisions and transactions. The Supreme Court declined to interfere with the appellate determination, concluding the prolonged challenge brought by Bhagwati Developers Private Limited.

CBDT Circular No. 19/2019 requires a computer-generated Document Identification Number (DIN) in communications relating to assessments and approvals. A communication without DIN is permitted only where prescribed exceptional conditions are met, including recorded reasons, prior approval and specified disclosure. Approval under section 153D lacking both DIN and the required particulars for a manual communication is non-compliant, invalid and deemed never issued. Consequently, an assessment founded on that approval cannot survive and is liable to be quashed.

Monetary limits for filing departmental appeals or applications before the GST Appellate Tribunal, High Courts and the Supreme Court are applied mutatis mutandis under the Delhi Goods and Services Tax Act, 2017. The corresponding central-tax framework is adopted for uniformity and reduction of Government litigation. The measure is clarificatory, and implementation difficulties may be brought to the Commissioner of State Tax, Delhi.

Jammu and Kashmir SGST rate schedules replace specified tariff-classification entries in Schedule I, attracting 2.5%, and Schedule III, attracting 20%. Schedule I substitutes the entries for serial numbers 150 and 151, while Schedule III substitutes entries for serial numbers 2 and 3. The revised tariff classifications are deemed effective from 1 May 2026.

Enforcement Directorate used PMLA information-sharing powers to seek a police FIR over alleged bribery, sham consultancy payments, and laundering of funds linked to CMRL and Exalogic Solutions. The allegations concern purported payments for IT consultancy services, use of Exalogic Solutions as a corporate vehicle for routing payments, and alleged transfers of funds to Dubai. The investigation also draws on allegations of fictitious corporate expenditure that generated cash for unlawful payments.

Section 66(2) of the Prevention of Money Laundering Act permits the Enforcement Directorate to share criminal-investigation findings with law-enforcement agencies for registration of a fresh FIR or complaint. A police case registered on that information can form the basis for a PMLA case. In the reported investigation, FIR registration was sought on evidence gathered during the PMLA probe and searches concerning alleged consultancy payments.

Under TNMM, foreign associated enterprises may serve as tested parties for software-service transactions when they are the less complex entities, reliable comparable data is available, and sufficient information is provided for verification. Tested-party selection is not restricted to an Indian entity. Performance guarantees linked to a taxpayer's own contractual obligations, where associated enterprises receive no independent benefit, fall outside the scope of an international transaction. These principles govern arm's-length benchmarking of software services and the transfer-pricing treatment of guarantees.

Strategic Advisory Board appointments add Mr. Rajaram and Mr. Bala Swaminathan to UpTik's advisory leadership for its invoice discounting and alternative credit operations. Their respective experience in structured finance, regulatory compliance, banking operations, treasury and institutional finance is intended to strengthen governance, risk oversight, compliance, credit-management frameworks and institutional partnerships. The appointments support expansion of transparent and responsible alternative credit access for MSMEs.

A taxpayer intending to file a Tribunal appeal may secure a stay of recovery of the balance confirmed demand by paying an amount equivalent to the prescribed pre-deposit through the electronic liability ledger and furnishing an undertaking to file the appeal when the Tribunal becomes operational. Payments inadvertently made through FORM GST DRC-03 may, through FORM GST DRC-03A, be treated as payments towards the relevant demand and adjusted against appellate pre-deposit requirements, subject to timely appeal filing.

The Special All-India Drive targets suspicious and high-risk GSTINs through coordinated verification by Central and State tax authorities. Non-existent or fictitious taxpayers may face registration suspension and cancellation, while officers must examine blocking of input tax credit and identify recipients receiving credit through unsupported invoices. Wrongly availed credit may be pursued for demand and recovery, with cross-jurisdictional cases shared through nodal officers and the 'Initiate Enquiry' functionality. Weekly action-taken reports, verification feedback, and novel modus operandi reporting support coordinated monitoring.

Proceedings concerning delayed real-estate projects require a fresh comprehensive proposal addressing possession, refunds, delayed-possession compensation, and enforcement-related claims of all homebuyers across the developer's group entities. An inadequate proposal may lead to appointment of a High-Powered Committee to assume relevant responsibilities. Frozen bank accounts remain under restraint, and a request by the Insolvency Resolution Professional to operate an account for company affairs was not entertained. The proceedings also raise concerns over enforcement of real-estate regulatory directions and protection of homebuyers facing prolonged delays.

Proper Officers handling refunds, assessments, cancellation, demands and recovery must follow prescribed procedure and issue reasoned and speaking orders addressing all issues in the matter. Orders concerning show-cause notices and other cases require detailed consideration and must not merely reproduce standard passages without addressing the issues involved. Recording reasons supports quasi-judicial decisions in disputed claims and demonstrates that decisions rest on legal principles.